Calculating Overhead Rates, Recording Actual and Applied Manufacturing Overhead, and Analyzing Over- or Underapplied Manufacturing Overhead Cayman Custom Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $300,000 and machine hours to be 15,000. Actual manufacturing overhead and machine hours were $340,000 and 16,000, respectively.

Required:

1. Compute the predetermined overhead rate.

2. Compute applied manufacturing overhead.

3. Prepare the journal entries to record actual and applied manufacturing overhead.

4. Compute over- or underapplied manufacturing overhead.

5. Prepare the journal entry to transfer the overhead balance to Cost of Goods Sold.

was completed but not sold . Job 103 is still in process. Actual overhead costs recorded during the first month of operations were $25,000. Required: 1 . Calculate the predetermined overhead rate . 2 . Compute the total manufacturing overhead applied to the Work in Process Inventory account

but not sold . Job 103 is still in process. Actual overhead costs recorded during the first month of operations were $28,000. Required: 1 . Calculate the predetermined overhead rate . 2 . Compute the total overhead applied to the Work in Process Inventory account during the first month

Calculating Over - or Underapplied Overhead Costs Refer to M19-10 for Kelly Company. Its actual manufacturing costs for the most recent period are summarized here: 1 . Compute over - or underapplied manufacturing overhead . 2 . Prepare the journal entry to close the Manufacturing Overhead

hi attaching two files kindly seethis assessment is in group so I just need my part done. my part is the first three tasks in sales and marketing department section. any issues kindly get back to me
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I need both the word and excel files, please follow the highlighted part the requirements of the assignment. once you open the file click the webviewformat below to view the complete questions
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With reference to the article which reports that ‘Bega has $273.4 million net debt’(a) Assuming you are a shareholder of Bega Cheese Limited, would you be supportive of the purchase of Murray Goulburn’s Koroit by Bega Cheese? Justify your answer usi
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